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ADENE NFT Project Enable Users To Operate Online Casinos
Santa Venera, Malta–(Newsfile Corp. – January 6, 2022) – ADENE is excited to announce its project to enable users to operate online casinos.
ADENE.io is a blockchain-based project bringing a new thing to the online gambling space. The NFT gambling platforms enable users to generate more income by allowing the community to operate online casinos.
Figure 1
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ADENE Gaming Platform
ADENE is the first 4th generation NFT based gambling platform. The team is developing a decentralized gaming platform that is revolutionizing the gambling industry by giving the community full control of their gaming platforms. Users can be players and operators at the same time by simply owning NFT slot machines.
ADENE platform is also addressing the transparency issue where real-life casino owners manipulate winning odds. There is zero possibility of manipulations with a decentralized gaming platform as the community has full control of the platform. Furthermore, the process of moving funds is costly for operators and exposes them to fraud, traditional casino owners tend to make it difficult or time-consuming for players to withdraw. ADENE allows players to attach their wallets to the operators’ slot machines, which will make the deposit and withdrawal of funds seamless, at zero cost and super fast.
How ADENE Works
The working mechanism of the ADENE platform is pretty simple. The gaming community is provided with a platform (ADENE) to buy NFTs and NFT games (slot machines). The user can now upload the two on the ADENE NFT marketplace, provide adequate liquidity ($ADEN Tokens), and start operating a casino.
ADENE NFT slot machine is owned by the community, which runs it on the P2P system. This is how decentralisation is achieved since no single person controls the machine. The win/loss ratio will be fairer for both the operator and the player than in a real-life casino. These machines offer an average ROI of 20%-60% APY.
ADENE Products
To actualize this project, the team is developing a range of products for the ADENE ecosystem, and here are some of them:
Mystery Box
These boxes randomly award NFT icons, ADENE tokens, and slot machines for Aden’s ecosystem utility.
NFT Icons
These are NFTs that will be available for gambling. They are available in three rarities: common, rare, and legendary. The rarity is based on the graphic’s complexities and the unique functionalities of the NFT. Users will be using these NFT icons to mint NFT slot machines.
Slot Machine Templates
The template enables users to create their own NFT slot machines or games. The templates consist of themes, music, skins, NFT icons, and algorithm complexities to enable users to create different rarity tiers for their slot machines.
NFT Slot Machines
The slots machines can be created or minted on the NFT marketplace. Each of the slot machines is unique in both graphics and functions. There are common, rare, and legendary rarities, just like in NFT icons. The liquidity of these machines is what determines the size of the bet and the possible jackpot win.
The $ADEN token is already listed on PancakeSwap and Coinsbit, and the Lbank listing is in the final stage. The NFT slot machines, community staking, and poker games are some of the products coming up soon, according to the project roadmap.
Widened and deposit funds are decided by the smart contract to protect investors from manipulation. ADENE team is fully doxxed, and all information is available on the website. For more information about the ADENE project, check out the following platforms.
Website: https://adene.io/
Telegram: https://t.me/AdeneNetwork
Twitter: https://twitter.com/AdeneNetwork
Facebook: https://www.facebook.com/AdeneNetwork
PR Contact
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/109242
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eWTP Arabia Capital’s Technology Fund I Recognized as Top Performing VC Fund in the Preqin League Tables
RIYADH, Saudi Arabia, May 19, 2024 /PRNewswire/ — eWTP Arabia Capital Technology Fund I (“Techology Fund I”), managed by eWTP Arabia Capital (“eWTPA”), one of the leading private equity firms in the Middle East, was listed in the Preqin League Tables as the the fifth top-performing VC funds in the US$250 Million to US$499 Million category by net Internal Rate of Return (IRR) for vintages between 2015-2020.
“We’re delighted by the recognition of our Technology Fund I as a top-performing VC fund in our sector,” expressed Jessica Wong, Founder and Managing Partner of eWTPA. “This milestone underscores the commitment of our team and the robustness of our investment strategy. It also underscores the significant growth potential of the Middle East and North Africa market, particularly in Saudi Arabia, warranting attention. As a pivotal driver of technological advancement in the region, we’re steadfast in our mission to empower entrepreneurs and deliver value to our investors.”
“Being recognized by Preqin validates our hard work and dedication to supporting and actively contributing towards building the Saudi digital ecosystem,” said Jerry Li, Founder and Managing Partner of eWTPA. “As eWTPA continues to grow and expand its investment portfolio, it remains committed to fostering innovation and driving positive change in Saudi, the GCC and the global emerging markets ecosystem.”
eWTPA has demonstrated exceptional performance, solidifying its position among industry leaders. This recognition underscores eWTPA’s commitment to identifying high-potential market opportunities and generating returns for its investors.
The Preqin League Tables are regarded as a comprehensive and authoritative ranking system for private equity and venture capital performance. Preqin, a leading data provider in the alternative assets industry, compiles these league tables based on various performance metrics, including net Internal Rate of Return (IRR) and other key indicators.
eWTPA’s success reflects its strategic approach to investing high-growth sectors in the MENA region. The firm’s portfolio includes a diverse range of companies poised to make a significant impact on their respective industries.
Acting as a bridge between Asia and the Middle East, eWTPA’s Technology Fund I has achieved significant success since its inception in 2019. The Fund has invested in over 18 companies, several of which have successfully established themselves in KSA, like J&T Express, Raha, Sahm and COFE.
About eWTPA:
Founded in 2019, eWTP Arabia Capital is an investment firm based in Saudi Arabia and China. Backed by marquee regional and international Sovereign Wealth Funds, Institutional investors, and family offices, eWTPA helps create robust local digital ecosystems in the MENA region by partnering with market-leading international businesses and providing a gateway for these companies to establish a strong and sustainable presence in the region. To date, eWTPA has invested in over 18 companies, 13 of which have already established themselves successfully in KSA.
Media contact:
Haile Liao
+966 0530868568
[email protected]
Photo – https://mma.prnewswire.com/media/2416426/eWTP_Preqin.jpg
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